Other News - 10/02/2008

Southwest Airlines Chairman and CEO Gary Kelly said this week that the carrier will take delivery of 10 737NGs next year, down from the 14 previously planned, with four deliveries deferred until 2016. He added that SWA continues to consider flat capacity growth next year an option and could treat the new 737s as replacements by "returning five [737 Classics] to the leasing company" and selling "five or more" that it owns.

Settling into his new role as the head of IATA, director general and CEO Alexandre de Juniac has made clear his frustration with government policies that fail to recognize the value of aviation....More

The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More